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NCLT Rules Auction Buyers Cannot Escape Municipal Property Tax Dues On ‘As Is Where Is’ Liquidation Sales

NCLT Rules Auction Buyers Cannot Escape Municipal Property Tax Dues On ‘As Is Where Is’ Liquidation Sales
Photo: Free Press Journal · view original

Mumbai: The National Company Law Tribunal (NCLT), has held that an auction purchaser of a property sold during liquidation cannot avoid statutory municipal dues attached to the property, where the property was sold on an “as is where is” basis. BMC Gets Relief In ₹86.58 Lakh Dues Case The order c...

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